Suning appliance to raise capital to build 250 stores

Suning Appliance (002024) notice, the Company intends to include the company's controlling shareholders and the actual control of Mr. Jindong, including not more than 10 of the issue of non-public offerings, the number of non-public offerings not more than 200 million shares (including 200 million shares). Among them, Jindong will be in cash 250 million yuan-350 million yuan to subscribe for this private issue shares. This non-public offering share price is not less than 15.00 yuan/share.　　As of March 31, 2009, Jindong directly held 28.61% of the company's shares, while Jindong owned the company's second largest shareholder Jiangsu Suning Electric Group Co., Ltd. 28% of the shares, while Jiangsu Suning Electric Appliance Group Co., Ltd. holds 14% of the company's shares.　　According to the company, the maximum number of the issue is 200 million shares, only 4.27% of the total amount of the company's equity after the issue is completed, so after the release, Mr. Jindong's shareholding ratio may change, but its status as a controlling shareholder and actual control of the company will not change.　　The collection of funds to be used for chain development, Logistics center construction and supplementary liquidity and other three types of projects, the company intends to invest in fund-raising 280,035 770,000 yuan for the development and construction of these projects. Among them, 250 chain stores development project invests 189,889 0 yuan, raises the fund to invest the amount 140,000 0 yuan, the new chain store area 979,800? O, the formation of the annual new 18.09 billion yuan (including tax) sales scale.　　The company will be responsible for the opening of chain stores and implementation of the project by means of direct opening or new subsidiaries (wholly-owned or holding subsidiaries) or joint replenishment of other shareholders to the controlling subsidiaries.　　In addition, in Chengdu, Wuxi and other places to build 6 logistics centers, the project investment of 102,609 900,000 yuan, the amount of funds proposed to invest a sum of 101,035 770,000 yuan. Suning Appliances said that the fund-raising projects are to be invested around the company's main business and future years business development objectives. After the implementation of the project, the company's store network further sound, modern distribution capacity greatly enhanced, the company's overall competitiveness has been effectively improved.